Massachusetts Lottery

MALottery Powerball Jackpot Analysis

The Powerball jackpot for the draw on Sat Apr 26, 2025 is estimated to be $168 Million, with a cash option of 77.1 Million. If you win the Powerball jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of Massachusetts, your state will take 5% of your lottery winnings.

Please note that the calculation of the Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

Massachusetts Powerball Jackpot/Cash Option for Sat Apr 26, 2025

Draw Date	Jackpot	Cash Option
Sat Apr 26, 2025	$168,000,000	$77,100,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$77,100,000
Federal Tax(24%)	$18,504,000
Additional Federal Tax	$9,983,330
State Tax(5%)	$3,855,000
Net Lumpsum Payment	$44,757,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$2,528,568	-$895,901 -$126,428	$1,506,239
2	$2,655,072	-$942,707 -$132,754	$1,579,611
3	$2,787,792	-$991,813 -$139,390	$1,656,589
4	$2,927,232	-$1,043,406 -$146,362	$1,737,464
5	$3,073,560	-$1,097,548 -$153,678	$1,822,334
6	$3,227,280	-$1,154,424 -$161,364	$1,911,492
7	$3,388,560	-$1,214,098 -$169,428	$2,005,034
8	$3,558,072	-$1,276,817 -$177,904	$2,103,351
9	$3,735,984	-$1,342,644 -$186,799	$2,206,541
10	$3,922,800	-$1,411,766 -$196,140	$2,314,894
11	$4,118,856	-$1,484,307 -$205,943	$2,428,606
12	$4,324,824	-$1,560,515 -$216,241	$2,548,068
13	$4,541,040	-$1,640,515 -$227,052	$2,673,473
14	$4,768,176	-$1,724,556 -$238,409	$2,805,211
15	$5,006,568	-$1,812,761 -$250,328	$2,943,479
16	$5,256,888	-$1,905,379 -$262,844	$3,088,665
17	$5,519,640	-$2,002,597 -$275,982	$3,241,061
18	$5,795,664	-$2,104,726 -$289,783	$3,401,155
19	$6,085,464	-$2,211,952 -$304,273	$3,569,239
20	$6,389,712	-$2,324,524 -$319,486	$3,745,702
21	$6,709,248	-$2,442,752 -$335,462	$3,931,034
22	$7,044,744	-$2,566,886 -$352,237	$4,125,621
23	$7,396,872	-$2,697,173 -$369,844	$4,329,855
24	$7,766,808	-$2,834,049 -$388,340	$4,544,419
25	$8,155,056	-$2,977,701 -$407,753	$4,769,602
26	$8,562,960	-$3,128,626 -$428,148	$5,006,186
27	$8,991,024	-$3,287,009 -$449,551	$5,254,464
28	$9,440,592	-$3,453,349 -$472,030	$5,515,213
29	$9,912,672	-$3,628,019 -$495,634	$5,789,019
30	$10,408,272	-$3,811,391 -$520,414	$6,076,467